Morpho Unveils Midnight Protocol for Fixed-Rate Crypto Credit Markets

According to Morpho, Midnight has now been officially launched as a non-custodial fixed-rate, fixed-term credit protocol, and its full open-source codebase is available to developers on GitHub.

MORPHO

Summary

Morpho has officially announced the Midnight white paper and launched Midnight as a non-custodial protocol for fixed-rate, fixed-term credit markets. According to the company’s official statement, the full Midnight codebase has also been open-sourced and made available to developers on GitHub. The update moves the project from previously outlined plans into an announced launch and public code release.

Terms & Concepts
  • Non-custodial protocol: A blockchain-based system that lets users retain control of their assets instead of handing custody to a third party.
  • Fixed-rate, fixed-term credit: A lending structure where the interest rate and loan duration are set in advance, giving borrowers and lenders more predictable terms.